Can bank charge interest/pre interest without disbursing a single rupee. Just after sending a letter that your home loan is ready Axis bank has charged 12000 odd rupee.
Asked by Ashish Sharma, 16 Nov '12 10:56 am
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Read your loan agreement with the bank u will understand whyAnswered by iqbal seth, 16 Nov '12 01:21 pm
Yes, they can charge as processing fee. However, if you decide not to avail loan from this bank, you can always get some refund.Answered by Uncommon Freind, 16 Nov '12 11:04 am
If you have applied for a home loan and it has been approved you have to pay the file charges which is another name for administrative charges. after aprroval whether u utilise the loan or not, is your problem, not theirsAnswered by rajan, 16 Nov '12 11:01 am
No the banks can debit the account only at the time of disbursalAnswered by rajnikant raiyarela, 16 Nov '12 10:58 am